Report breaks down US EMR market

Chiropractic EconomicsJune 28, 2011

MarketResearch.com has announced the addition of the new report “U.S. Electronic Medical Records (EMR) Market, 2010-2015 (Market Share, Winning Strategies and Adoption Trends),” to their collection of Information Technology market reports.

Findings

EMR is a part of healthcare information technology that is used to make paperless computerized patient data in order to increase efficiency of hospital systems and reduce chances of errors in medical records. A substantial growth rate (more than 16%) of the U.S. healthcare IT spending and the government initiatives towards development of a nationwide healthcare information network are expected to push EMR implementation across the healthcare sector in the U.S. The rising demand for the healthcare cost containment and need to improve the quality of healthcare service are driving the growth of the EMR market in the U.S. The U.S. EMR market is expected to grow from $2,177 million in 2009 to $6,054 million in 2015 at an estimated CAGR of 18.1% during the forecast period 2010-2015.

The U.S. EMR market space is highly fragmented with more than 1,000 players in the market. In 2010, Allscripts emerged as a market leader with 15.7% market share in the physician office EMR market; whereas Meditech led the hospital EMR segment with an overall market share of 24.9%.